Peoples Bank - Amsterdam, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 11, 1927
Location: Amsterdam, Ohio (40.472, -80.921)

Metadata

Model: gpt-5-mini
Short Digest: 77ed56cf

Response Measures

None

Description

Article (Plain Dealer, 1927-01-29) states The People's bank at Amsterdam ... was closed Jan. 11 and has not opened. Cause given as Frozen assets which indicates bank-specific adverse asset problems. No run on this specific bank is mentioned in the excerpt.

Events (1)

1. January 11, 1927 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed due to frozen assets (assets unavailable/liquidity problems leading to closure).
Newspaper Excerpt: The People's bank at Amsterdam ... was closed Jan. 11 and has not opened.
Source: newspapers

Newspaper Articles (1)

1. January 29, 1927 The Plain Dealer Cleveland, OH

Article from The Plain Dealer, January 29, 1927

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Article Text

ANOTHER OHIO BANK CLOSED Jewett State Institution Expected to Reopen. Plain Dealer Special) CADIZ, O., Jan. 28.-The Jewett State bank at Jewett. this county with resources in excess of $333,000. closed its doors today, following run upon yesterday. Maj. C. W. Miller in charge of liquidation for the state banking department, declined to say how much the bank would pay or if it would Officials predicted that it would reopen "in More than $5,000 was during the run. The People's bank at Amsterdam, in the adjoining county of Jefferson. was closed Jan. 11 and has not opened. "Frozen assets" were said to have caused its closing.